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My meta point here, is those who think that the vast majority of people are going to support the dissolution of the modern welfare state, and embrace radical self-sovereignty, once they understand the truths of the fiat system or bitcoin, is just a crazy narrative that is ultimately just bereft of anything resembling critical thinking about the motivations and behavior that large social groups exhibit.

Even if, hyperbitcoinization were to happen, which it very well may not, I would not bet on sufficient numbers of people participating in the dissolution of the nation states in which they reside.

To the extent people look at this and say, it’s inevitable, given what they perceive as contradictions in the system, I would suggest they’re not looking at the whole system at all. They’re focused on this narrow slice of reality, and what they view as the basis of the state — money. Money and the state are certainly related concepts, and bitcoin challenges the nature of that relationship. But states exist because most people want them to.

Lebanese Hodl 2y ago

Don’t disagree with this. Giving up the Nanny state is certainly not for everyone and this is why most people will probably live through something like the Mandibles. Government only kept getting bigger as Lebanon collapsed into hyperinflation. It’s a feature not a bug, and it will be painful to watch 😖

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Discussion

Mike Brock 2y ago

Liberal democracies have decreased their sizes, however. In fact, the size of government in the US, UK and Canada, relative to the private sector has still not overtaken the previous maximums we saw in the New Deal and post-war period, after the reforms of the neoliberal era in the 1980s and 1990s. There has been some mean reversion, but people greatly overstate this point.